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joining us, dick durbin, assistant majority leader, the senator from illinois. senator, thanks very much for coming in. we just heard from grover norquist, several republicans on capitol hill this week have said they would consider defying his pledge but for some of them, raising revenue just means getting rid of loopholes or capping some deductions, not raising tax rates or letting tax cuts expire. is that good enough? >> well, i can tell you the president has set a goal, $1.6 trillion in revenue or taxes over the next ten years. that's about 40% of the $4 trillion deficit goal that we have. that's the same thing that simpson-bowles had, 40% revenue. so the only way you can reach that, incidentally, is to allow the rates to go up. just this idea of we're going to take a look at the tax code, change some credits and deductions, you can't come up with enough money. >> so any deal will have to include at least some hike in the tax rate. >> i don't think there's any other way to approach it. that's why the president has taken this position. if we're going to make s
joining us, dick durbin, assistant majority leader, the senator from illinois. senator, thanks very much for coming in. we just heard from grover norquist, several republicans on capitol hill this week have said they would consider defying his pledge but for some of them, raising revenue just means getting rid of loopholes or capping some deductions, not raising tax rates or letting tax cuts expire. is that good enough? >> well, i can tell you the president has set a goal, $1.6 trillion...
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senator dick durbin joins us this morning. always great to talk to you. appreciate your time. >> thanks, soledad. >> now with this latest development, how hopeful are you that, in fact, a deal is going to get done? and what would that deal look like? >> well, we should reach an agreement. the point i made was, when it comes to medicare, we know that it's going to run out of money in twelve years. whatever changes we want to make should be thoughtful changes. not made in the heat of the fiscal cliff. not done in the closing days here, of a lame duck session. let's look at this thoughtfully and make sure at the end of the day medicare is going to survive and be stronger. but i think there is plenty of ground here for us to come together as democrats and republicans, the congress and the president, and avoid the worst parts of the fiscal cliff. >> okay, so what entitlements then? what would you put on the table? right now it's been the narrative is kind of republicans will put taxes on the table, democrats will put entitlements on the table. and i talked to
senator dick durbin joins us this morning. always great to talk to you. appreciate your time. >> thanks, soledad. >> now with this latest development, how hopeful are you that, in fact, a deal is going to get done? and what would that deal look like? >> well, we should reach an agreement. the point i made was, when it comes to medicare, we know that it's going to run out of money in twelve years. whatever changes we want to make should be thoughtful changes. not made in the...
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illinois democratic senator dick durbin spoke today at the liberal center for american progress where he said this about the possibility of going off the cliff which fears of this show know is is really more of a curb than a cliff. >> some have called let's go over the cliff and watch what happens. we know if we're not careful, it will in fact stop economic growth and hurt everyone through every income category, particularly those most vulnerable. >> what he did not say is he must not go off the cliff. because the cliff is president obama's and the congressional democrats leverage over republicans. if we do go off the cliff or the curb on january 1st, a republican nightmare will occur. all income tax rates will go up and defense spending will be cut by 600 billion. other spending, some of it dear to republicans, will also be cut by another 600 billion. the fiscal cliff is much scarier to republicans than it is to democrats. so, the president and his allies must continue to make republicans believe they are willing to go off cliff. senator durbin simply said if we do go off the cliff o
illinois democratic senator dick durbin spoke today at the liberal center for american progress where he said this about the possibility of going off the cliff which fears of this show know is is really more of a curb than a cliff. >> some have called let's go over the cliff and watch what happens. we know if we're not careful, it will in fact stop economic growth and hurt everyone through every income category, particularly those most vulnerable. >> what he did not say is he must...
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megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton era tax rates. i mean that just doesn't strike me as radical redistribution. you can argue about whether or not you think those tax rates should go up because of how it may affect the recovery, but to suggest that it's somehow stealing from the rich to give to the poor, we are talking about 3 or 4% average points in the tax code. i think this is really over blown. and i'd also say when jfk was president we didn't have the kind of income inequality that we have today. it is so much greater and getting so much greater every year that i think if he was alive today that he would be exactly where most democrats are on this issue with what senator durbin said
megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton era tax rates. i mean that just doesn't strike me as radical redistribution....
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durbin making it clear he's -- there's a lot of different ways to get there. would you consider that? ways to raise money from the wealthy without raising rates? >> there are ways to get there. but i think a lot of this goes back to where you start the whole discussion from. you know, those of us who have worked on this for a long time, the simpson/bowles plan, which has gained a lot of attention, even our gang of six efforts, which we think improved upon the plan. we started with the rates going back up, you use that baseline and then you work down. you can then use some of these tax reform ideas to bring the rates back down, but you basically, we need, you know, on a ten year basis, more than $1 trillion of net new revenue as we think about some of the additional cuts we're going to have to make and some of the reforms to the entitlement programs. i agree with the president, let's go ahead and bring the rates back up, but then like simpson/bowles, we can use a tax reform effort, whether it is capping tax expenditures or actually going through in a more thoro
durbin making it clear he's -- there's a lot of different ways to get there. would you consider that? ways to raise money from the wealthy without raising rates? >> there are ways to get there. but i think a lot of this goes back to where you start the whole discussion from. you know, those of us who have worked on this for a long time, the simpson/bowles plan, which has gained a lot of attention, even our gang of six efforts, which we think improved upon the plan. we started with the...
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i would agree with senator durbin absolutely. i'll give you a reform in medicare i think democrats would support. and that is looking at prescription drugs. and making it more competitive. >> bill: amen. >> or really crackening down on the fraud that takes place through the medical devices which is not with individuals cheating medicare. they're fictitious businesses set up that rob medicare of billions of dollars every year. so it's not as though changes to entitlement programs are completely off the table. it is the structural breaking of the guarantee that should be off the table. >> bill: isn't it interesting when president obama did identify $716 billion in fraudulent billing on the part of insurance companies and cut that out that they accused him of cutting benefits in medicare. >> well because what benefits were they concerned about. the benefits to big businesses. >> bill: exactly. congresswoman karen bass in studio with us. we'll welcome your calls and comments at 1-866-55-press. the "full court press" continues in just
i would agree with senator durbin absolutely. i'll give you a reform in medicare i think democrats would support. and that is looking at prescription drugs. and making it more competitive. >> bill: amen. >> or really crackening down on the fraud that takes place through the medical devices which is not with individuals cheating medicare. they're fictitious businesses set up that rob medicare of billions of dollars every year. so it's not as though changes to entitlement programs are...
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we'll see whether durbin and others on the hill go along with what jay carney is saying. we'll see if that improves the possibility of a deal. megyn: we have 33 democratic lawmakers saying we are not touching social security now or for the future. this jackhammer is really rude. >> reporter: the cuts are being made as we speak. it's hard to cut the government. megyn: alert frank, the two guys features in your first report. someone else came to the white house hat must have been an extraordinary moment. mitt romney and obama get together. for me it's awkward that they had the meeting at the white house. was that mean? shouldn't they have don't at a tgif. neutral ground? not to rub his nose in the place that he wanted to live. >> reporter: given romney's finances, -- he came here, he left without talking to reporters. we are digging for details on how it went. the white house insists they were trying to be open and courteous to mitt romney. show the peaceful transfer -- there is no violence. the race was hard fought. mr. obama won, in romney moves on and mr. romney also sat
we'll see whether durbin and others on the hill go along with what jay carney is saying. we'll see if that improves the possibility of a deal. megyn: we have 33 democratic lawmakers saying we are not touching social security now or for the future. this jackhammer is really rude. >> reporter: the cuts are being made as we speak. it's hard to cut the government. megyn: alert frank, the two guys features in your first report. someone else came to the white house hat must have been an...
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dick durbin, democratic senator from illinois. he is very close to the president. he is introduced him at every major political event since he came into public office from illinois. he will have a press conference today. he is going to make a speech that says medicare and medicaid should be looked at but not part of the fiscal cliff negotiations. so if that is the case you change that at all right now? >> let me say this. i know that we have people out posturing and again we have all kind of folks that just want to sweep this under the rug and let the problem get even bigger. the fact is the two most important people are the president and speaker boehner. both of them in the beginning of this have shown a degree of flexibility. what we need to do, people like myself offer concrete solutions to solve this problem. when they get in their meeting they need to have these at their disposal and we as a country again need to go ahead and deal with this issue now. i know that senator durbin actually has shown some strength for what it's worth, i don't know what he will do
dick durbin, democratic senator from illinois. he is very close to the president. he is introduced him at every major political event since he came into public office from illinois. he will have a press conference today. he is going to make a speech that says medicare and medicaid should be looked at but not part of the fiscal cliff negotiations. so if that is the case you change that at all right now? >> let me say this. i know that we have people out posturing and again we have all kind...
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. >> senator durbin is suggesting the debate over the entitlement programs should be waged after the new year once the fiscal cliff issue has been settled. >>> six minutes past the hour, new storms rolling into the northwest this morning. and that could cause dangerous flooding. alexandra steele is live in atlanta for us. what's going on? >> hey, good morning to you guys. we've got one storm that's gone and one storm that's a massive storm incoming. so let's start with this, all you guys in new york city had snow, for sure, but right now we certainly don't. this has all moved offshore. this was just the rain, but what was left behind? actually black ice there this morning. places like new jersey, six inches of snow. chester, new jersey, five. you can see sunbury, pennsylvania, three. 2 1/2 in mill brooke. the hudson valley and portions of connecticut are seeing black ice as a factor. take it slow, especially the elevated surfaces with temperatures so cold. story number one. story number two, a mammoth storm, this is the water vapor. what you need to see with this is look at this huge
. >> senator durbin is suggesting the debate over the entitlement programs should be waged after the new year once the fiscal cliff issue has been settled. >>> six minutes past the hour, new storms rolling into the northwest this morning. and that could cause dangerous flooding. alexandra steele is live in atlanta for us. what's going on? >> hey, good morning to you guys. we've got one storm that's gone and one storm that's a massive storm incoming. so let's start with...
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same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he said? considering that he said nothing, yeah, i guess so but it was the tone then yesterday dick durbin came on and we had to basically stop asking about medicare about three or four minutes in because it was nonsensical talking about creating new programs. but this is a guy that also supporting simpson bowles and let us know like eric, we'll make a deal and figure it out. >> both sides at various times tells you something about recent history. you think about where republicans were a year and a half ago, where their attitude was, no, we will not discuss revenues, not one penny, ever, ever, ever so for cantor t
same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he...
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dick durbin said look at the disparity between what a navy seal earns and a hedge fund person earns. it's not fair, moral or right. is that the society we live in in which income, equality is required for us to believe we are living morally? >> that is the issue of fairness, isn't it? surely what we want is growth, growth is fair to everybody. growth reduces the deficit, growth reduces the unemployment rate, growth gets people back into houses of their own. without growth you're nothing. enough with this income inequality, the shift to the left, you've really got to liberate private enterprise if you want to have real fairness. megyn: here we thought chris after november 6th we won't be talking about campaign ads, billboard buys or bus advertisements and we were wrong. >> we were wrong too bad. megyn: all right guys, see you soon. we are also watching a tense situation developing today in egypt. what we're told is a volatile of mix of protestors gathered to denounce a recent power grab by their democratic leader. earlier we saw violent clashes as president mohammed morsi said the far
dick durbin said look at the disparity between what a navy seal earns and a hedge fund person earns. it's not fair, moral or right. is that the society we live in in which income, equality is required for us to believe we are living morally? >> that is the issue of fairness, isn't it? surely what we want is growth, growth is fair to everybody. growth reduces the deficit, growth reduces the unemployment rate, growth gets people back into houses of their own. without growth you're nothing....
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here's what senator dick durbin said yesterday on "starting point." >> entitlements need to be part of the long-term strategy but do it in a thoughtful way. i don't want to see major changes decided in the heat of the moment. let's get through the fiscal cliff, find a way to avert it. but at the end of the day treat it as the important program it is for so many millions of americans. >> eric, if we get a deal, how much kicking of the can down the road do you think that deal will inclu include? >> i think it will include significant kicking the can down the road which is why they should kick the entire deal down the road and deal with it together. we know it won't from happen history. we have had 18 of these since 1981. more than half of the time they said they needed a deal with medicaid, medicare, social security. now we have the affordable care act as well. they never want to deal with it. meantime the debt is $16 trillion. >> thanks for joining us this morning. we appreciate it. >>> 33 days until the fiscal cliff. we just keep talking about this. while politicians try to sell their
here's what senator dick durbin said yesterday on "starting point." >> entitlements need to be part of the long-term strategy but do it in a thoughtful way. i don't want to see major changes decided in the heat of the moment. let's get through the fiscal cliff, find a way to avert it. but at the end of the day treat it as the important program it is for so many millions of americans. >> eric, if we get a deal, how much kicking of the can down the road do you think that...
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. >>> tomorrow, tim pawlenty, illinois senator dick durbin and singer dionne warwick. >> great show. meanwhile, cnn "newsroom" with carol costello begins right now. >>> tear gas in cairo near the u.s. embassy as the fight for democracy goes on. >> face to face. susan rice and john mccain, the man who wanted watergate style hearings, meet. and only cnn catches up with mccain before the big meeting. >> what do you have to learn today from miss rice? >> whatever ambassador rice wants to tell me. she's the one who asked for the meeting. i didn't. >> wouldn't you like to be a fly on the wall? >>> spyfall, real-life bond movie. yasser arafat's body was exhumed. was the palestinian leader po h poisoned by israeli spies? >>> plus this. >> you said walden is in trouble. >> i'm the trouble walden has been in, repeatedly. >> he calls it filth, the half in "two and a half men" begs you not to watch his show. "newsroom" starts now. >>> good morning to you. thank you so much for being with us. i'm carol costello. we begin with a high stakes meeting just minutes from now. this hour, the u.s. ambass
. >>> tomorrow, tim pawlenty, illinois senator dick durbin and singer dionne warwick. >> great show. meanwhile, cnn "newsroom" with carol costello begins right now. >>> tear gas in cairo near the u.s. embassy as the fight for democracy goes on. >> face to face. susan rice and john mccain, the man who wanted watergate style hearings, meet. and only cnn catches up with mccain before the big meeting. >> what do you have to learn today from miss rice?...
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we are going to be covering the discussion with dick durbin, the assistant majority leader, democrat of illinois at any event today. live coverage on c-span, 11:30, c-span and, . if you miss it, go to our video library. on the front page of the financial times, stepping down from the sec. mary schaepiro is stepping down after nearly four years in charge of the top stock market regulator. bill, maryland, on our line for independents. what are your thoughts? caller: i think we have already gone over it a long time ago. we are like a family or small business that is bringing in $200,000 each year. their borrowing in other $100,000 each year. and then you hear these people talking about, we are going to raise the taxes on the rich. what is that going to do? bring in other a thousand dollars and. it is insane. these politicians have screwed us, screwed our children. they just keep reelecting the same people. in the wall street journal this morning -- they write this, why $16 trillion only hint of the true united states debt. the actual liabilities of the federal government including socia
we are going to be covering the discussion with dick durbin, the assistant majority leader, democrat of illinois at any event today. live coverage on c-span, 11:30, c-span and, . if you miss it, go to our video library. on the front page of the financial times, stepping down from the sec. mary schaepiro is stepping down after nearly four years in charge of the top stock market regulator. bill, maryland, on our line for independents. what are your thoughts? caller: i think we have already gone...